Genova completes subsequent issue of green senior unsecured bonds due 2024
Genova Property Group AB (publ) (“Genova”) has today successfully placed subsequent senior unsecured green bonds in the amount of SEK 100m due 9 September 2024 (the “Subsequent Green Bonds”) under the framework of SEK 750m with ISIN SE0014808820 (the “Bond”). Following the issue of Subsequent Green Bonds, the whole framework amount will be utilised. The Subsequent Green Bonds will be issued at a price of 101.534% of nominal amount corresponding to a coupon of 3 months STIBOR plus approximately 395 basis points.
Genova intends to apply for listing of the Subsequent Green Bonds on the sustainable bond list of Nasdaq Stockholm. The net issue proceeds of the Green Subsequent Bonds will be used in accordance with Genova’s green finance framework.
Nordea Bank Abp has acted sole arranger and bookrunner in connection with the issue of Subsequent Green Bonds. Gernandt & Danielsson Advokatbyrå KB has acted legal advisor in the transaction.
For further information, please contact:
CEO, Michael Moschewitz, mobile +46 (0)707 13 69 39, michael.moschewitz@genova.se
About Genova
Genova Property Group AB (publ) is a modern property company with a personal touch that owns, manages and develops properties with focus on the Greater Stockholm area and Uppsala Region. On 30 June 2021, the value of the company’s property portfolio amounted to approximately SEK 7.1 billion with a lettable area of approximately 243,000 sqm and the company held 6,782 building rights for residential units. Genova’s ordinary shares have been listed on Nasdaq Stockholm since 30 June 2020.
This information is such information that Genova Property Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, on 1 October 2021 at 5.40 p.m. CEST.
Genova Property Group – Smålandsgatan 12 – 111 46 Stockholm – www.genova.se